Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 07:13 (GMT) 31 Aug
31 Aug EUR/AUD Daily
Further extend the 3-wk rally from the 1.1600 low to reach 1.2172 high ahead of setback. Divergence on the intraday chart suggest bulls now on hold and risk seen for pullback the 1.2120/00 area then 1.2071. Break of the latter will trigger deeper pullback to 1.2000 level. [P.L]
R5: 1.2314 * 50% of 1.3028-1.1600 drop
R4: 1.2295 3 Jul high
R3: 1.226 4 Jul high
R2: 1.2227 5 Jul high
R1: 1.2172 today's high, 31 Aug
S1: 1.212 intraday level
S2: 1.2071 * 24 Aug high
S3: 1.2025 28 Aug low
S4: 1.2005 * 27 Aug low
S5: 1.1948 50-day MA line







